In a report from Merrill Lynch, analysts recommended returning to neutral in lower coupon 15s relative to 30s.

In mid-December, they considered lower coupon 15s to be more attractive than lower coupon 30s as there was hardly any yield difference.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.